https://sputnikglobe.com/20240520/gold-price-hits-new-all-time-high-reaching-2454-per-troy-ounce-1118543164.html
Gold Price Hits New All-Time High, Reaching $2,454 Per Troy Ounce
Gold Price Hits New All-Time High, Reaching $2,454 Per Troy Ounce
Sputnik International
The price on gold is growing by 1.5% on Monday, reaching $2,454 per troy ounce for the first time in history, the trading data showed.
2024-05-20T12:16+0000
2024-05-20T12:16+0000
2024-05-20T12:16+0000
economy
business
gold
https://cdn1.img.sputnikglobe.com/img/07e8/01/10/1116195626_0:0:3642:2048_1920x0_80_0_0_9bdc97cf71cb63c01ac5ff63c242e809.jpg
MOSCOW (Sputnik) - The price on gold is growing by 1.5% on Monday, reaching $2,454 per troy ounce for the first time in history, the trading data showed. As of 06:02 GMT, the price of the June gold futures on the New York Comex exchange increased by $35.2 to $2,452.6 per troy ounce. Earlier it hit the record $2,454.1 per troy ounce.Gold prices historically grow on the eve of recession since investors consider the metal a safe haven for their money. The US Federal Reserve decreases interest rates and gold becomes the only chance to generate profits.
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
2024
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
News
en_EN
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
gold, gold prices, gold prices grow, investments in gold, gold prices, economy, global economy
gold, gold prices, gold prices grow, investments in gold, gold prices, economy, global economy
MOSCOW (Sputnik) - The price on gold is growing by 1.5% on Monday, reaching $2,454 per troy ounce for the first time in history, the trading data showed.
As of 06:02 GMT, the price of the June gold futures on the New York Comex exchange increased by $35.2 to $2,452.6 per troy ounce. Earlier it hit the record $2,454.1 per troy ounce.
Gold prices historically grow on the eve of recession since investors consider the metal a safe haven for their money. The US Federal Reserve decreases interest rates and gold becomes the only chance to generate profits.
